Tesla reports 1.1% sales drop for 2024, first annual decline in at least 9 years

Re:Tesla reports 1.1% sales drop for 2024, first annual decl... by bryanlarsen on Friday January 03, 2025 @08:43AM (#42585580)

> I could explain to a child how printing new money causes inflation, which we did twice since COVID.

We've printed money a dozen times in the 30 years prior to 2022. Economists predicted that all of them would cause inflation. None of them did.

In 2022 we had money printing and a supply side squeeze. Insisting that the inflation was caused by the money printing rather than the supply side squeeze takes incredible chutzpah.

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Re:Tesla reports 1.1% sales drop for 2024, first annual decl... by parineum on Monday January 06, 2025 @12:00AM (#42607830)

The money printing in response to COVID followed by the the infrastructure bill were at a scale not seen before and shouldn't be so easily dismissed in reference to previous deficit spending.

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Re:Tesla reports 1.1% sales drop for 2024, first annual decl... by bryanlarsen on Monday January 06, 2025 @02:48AM (#42608598)

Germany (and others) printed at a lower rate. If it was a momentary phenomenon, they would have appreciated against the dollar and seen less inflation. Instead they depreciated against the dollar and saw more inflation.

Because they had a greater supply shock.

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Re:Tesla reports 1.1% sales drop for 2024, first annual decl... by bryanlarsen on Monday January 06, 2025 @08:49AM (#42610518)

edit: monetary phenomenon. Autocorrect ugh.

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